State housing agency makes $345,000 investment in McKinney through homebuyer assistance

AUSTIN, TX – January 21, 2011 – (RealEstateRama) — The Texas Department of Housing and Community Affairs (TDHCA) today announced a $345,000 award to the City of McKinney to assist eligible residents with the purchase of their first home, providing greater stability to area low income families and a shot in the arm to the local economy.City officials estimate that the award will help provide 30 local residents with down payment and closing cost assistance, helping them achieve the American Dream of homeownership.